Sealed first-generation iPod sells for $29K

Share post:

Apple’s first iPod, a mint-condition model that was purchased in 2001 and never opened, sold for $29,000 on the collectibles investing platform Rally last week.

The iPod was originally bought for $399 at the Willowbrook Mall in Plano, Texas. The original owner placed it on a shelf and never opened it.

Rally fractionalized the iPod into 5,000 shares and sold them to investors for $25,000 each. A single investor bought all 5,000 shares for $29,000, a 16% return.

Rally co-founder Rob Petrozzo says that Apple products are among the most popular investments on the platform. “Everybody is a collector of something, especially technology,” he says. “Memories of nostalgia, they still hold onto things.”

Petrozzo says that even with flagging sales, Apple’s innovation and hardware dominance has vaulted it into the elite club of $1 trillion companies. This, combined with the public’s love of nostalgia, makes Apple products a desirable investment.

“People know that the population [of sealed iProducts] is rare,” Petrozzo says. “They look at Steve Jobs like they look at Michael Jordan or Mickey Mantle: Larger than life.”

The sources for this piece include an article in Axios.

Featured Tech Jobs


Related articles

Apple users says iPhone 15 lacks innovation

Apple fans are disappointed with the new iPhone 15, saying that it lacks innovation and is too similar...

Amazon customer gets fake core i9-13900K CPU

A Reddit user has claimed that he was sold a fake Core i9-13900K CPU on Amazon U.K. The...

FBI uses Nintendo Switch to locate abducted teen

In August 2022, the FBI tracked a missing 15-year-old girl's Nintendo Switch console to rescue her after she...

Smart home user shut out for a week

Brandon Jackson, a Microsoft engineer, was shut out of his smart home for a week after an Amazon...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways